FOX (NASDAQ:FOX) Cut to Hold at Wells Fargo & Company

Wells Fargo & Company cut shares of FOX (NASDAQ:FOX) from a strong-buy rating to a hold rating in a research report sent to investors on Thursday morning,Zacks.com reports.

A number of other research analysts also recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of FOX in a report on Monday, December 29th. Cfra restated a “buy” rating and set a $73.00 target price on shares of FOX in a report on Monday, November 3rd. Guggenheim reaffirmed a “buy” rating and issued a $85.00 price target on shares of FOX in a research report on Monday, December 22nd. Fox Advisors set a $97.00 price objective on FOX in a report on Tuesday, October 28th. Finally, UBS Group reissued a “buy” rating on shares of FOX in a research note on Friday, October 31st. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, FOX has an average rating of “Moderate Buy” and a consensus price target of $82.50.

FOX Stock Down 1.4%

Shares of FOX stock opened at $58.35 on Thursday. The firm has a market cap of $25.90 billion, a price-to-earnings ratio of 14.03, a P/E/G ratio of 8.19 and a beta of 0.56. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.78 and a quick ratio of 3.03. FOX has a 52-week low of $43.18 and a 52-week high of $68.18. The stock has a 50-day simple moving average of $64.08 and a 200-day simple moving average of $57.90.

FOX (NASDAQ:FOX) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.31. The firm had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.06 billion. FOX had a return on equity of 18.14% and a net margin of 11.41%. On average, equities research analysts expect that FOX will post 4.25 earnings per share for the current fiscal year.

FOX Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be paid a $0.28 dividend. The ex-dividend date is Wednesday, March 4th. FOX’s dividend payout ratio (DPR) is presently 12.58%.

Insider Buying and Selling

In other news, insider Adam G. Ciongoli sold 29,897 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $69.55, for a total transaction of $2,079,336.35. Following the transaction, the insider owned 35,978 shares in the company, valued at approximately $2,502,269.90. The trade was a 45.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Steven Tomsic sold 138,397 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $66.54, for a total transaction of $9,208,936.38. Following the transaction, the chief financial officer directly owned 180,556 shares of the company’s stock, valued at $12,014,196.24. This represents a 43.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 268,294 shares of company stock valued at $17,214,273. 23.06% of the stock is owned by company insiders.

Hedge Funds Weigh In On FOX

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Covestor Ltd boosted its position in shares of FOX by 139.1% during the 4th quarter. Covestor Ltd now owns 2,955 shares of the company’s stock valued at $192,000 after acquiring an additional 1,719 shares in the last quarter. Gabelli Funds LLC lifted its stake in FOX by 5.2% during the fourth quarter. Gabelli Funds LLC now owns 566,600 shares of the company’s stock worth $36,789,000 after purchasing an additional 28,200 shares during the period. Canada Post Corp Registered Pension Plan boosted its holdings in FOX by 3.3% during the fourth quarter. Canada Post Corp Registered Pension Plan now owns 24,510 shares of the company’s stock valued at $1,591,000 after purchasing an additional 790 shares in the last quarter. Hartford Investment Management Co. grew its stake in shares of FOX by 13.7% in the 4th quarter. Hartford Investment Management Co. now owns 8,661 shares of the company’s stock valued at $562,000 after purchasing an additional 1,045 shares during the period. Finally, NBC Securities Inc. acquired a new position in shares of FOX in the 4th quarter worth approximately $225,000. 26.41% of the stock is owned by institutional investors.

FOX News Summary

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Company declared a cash dividend of $0.28 per share (record Mar 4, pay Mar 25), which supports income-focused investors and signals management’s willingness to return capital to shareholders.
• Positive Sentiment: Coverage roundup suggests Wall Street remains moderately optimistic overall about FOX’s prospects given recent outperformance vs. the market; that helps limit downside from episodic negative headlines. Is Wall Street Bullish or Bearish on Fox Corporation Stock?
• Neutral Sentiment: Morgan Stanley maintained a Hold on FOX but raised its price target to $77, citing solid fundamentals and streaming momentum that offset structural linear-TV headwinds — a mixed analyst view that implies limited near-term upside but recognition of long-term cash generation. Fox Corporation: Solid Fundamentals and Streaming Momentum…
• Neutral Sentiment: High volume of Fox News editorial and breaking-news coverage (crime, politics, international events, sports) can sustain audience engagement and ad inventory value, but content flow is a steady-state operational factor rather than a one-off catalyst. Example coverage: Nancy Guthrie disappearance live updates. Nancy Guthrie disappearance: Live updates
• Neutral Sentiment: Note: A TipRanks entry about FOXO Technologies converting related-party debt into preferred equity refers to a different ticker (FOXO) and is not related to Fox Corporation (FOX). FOXO Technologies Converts Related-Party Debt Into Preferred Equity
• Negative Sentiment: Wells Fargo downgraded FOX from “strong-buy” to “hold,” which likely triggered some selling and contributed to weaker intraday sentiment. Wells Fargo downgrades FOX (TickerReport)
• Negative Sentiment: Structural headwinds in linear TV remain a recurring risk (rating agencies and analysts cite this), and the stock is trading below its 50‑day moving average — a technical signal that can amplify short-term downside if sentiment deteriorates.

About FOX

Fox Corporation (NASDAQ:FOX) is a U.S.-based media company that operates television broadcast, news and sports businesses. The company traces its contemporary structure to the 2019 reorganization that followed the sale of certain entertainment assets to The Walt Disney Company; Fox Corporation retained a portfolio centered on the Fox Broadcasting Company, Fox Television Stations, Fox News Media and Fox Sports. Over time the company has expanded its digital footprint through acquisitions and direct-to-consumer services, building a mix of linear and streaming distribution.

FOX’s core activities include the creation, aggregation and distribution of television programming and live sports, the operation of national cable news and business networks, and the ownership and operation of local broadcast stations.